Wednesday, May 2, 2012

Iran Oil, Iraq Oil

Report out that, with sanctions biting, Iran's oil production has hit a 20-year low.  Meanwhile, Iraq's oil exports have reached their highest levels since 1989, before the 1991 Desert Storm war.

Al-Arabiya asks, "Is al-Maliki serving Iraq or Iran?" and disparages the Iraqi PM for cultivating stronger ties with Tehran, even while it recognizes that he is relying on that support for his own political ends.

As Iraq's oil income burgeons, while Iran's dwindles, at what point does the leadership in Tehran begin to demand a quid pro quo?

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